INDIAN RARE EARTHS LIMITED

BALANCE SHEET
SCHEDULE
No.

I.
1.

2.

a) Capital
b) Reserves and Surplus

1
2

Loan Funds
Secured Loans
Unsecured Loans

3
4

TOTAL
II.
1.

As at
31st March,2009

As at
As at
31st March,2008 31st march2007

As at
31st march2006

8,636.50
38,922.48
47,558.98

8,636.50
38,629.23
47,265.73

8,636.50
34,973.31
43,609.81

2,213.61
2,213.61

3,320.42
3,320.42

9.31
4,427.23
4,436.54

49,772.59

50,586.15

48,046.35

45,370.48
26,075.08
19,295.40
927.45

43,955.80
24,495.93
19,459.87
709.22

43,062.78
22,801.74
20,261.04
672.21

37235.00
20719.54
16515.46
4897.03

32865.67
19167.45
13698.22
2503.80

0.39
20,223.24

0.49
20,169.58

15.74
20,948.99

12.40
16.15
21441.04

24.80
50.90
16277.72

8,636.50
22,236.50
30,873.00
17.68
5534.03
5551.71
36,424.71

8,636.50
17,834.63
26,471.13
25.99
6640.84
6666.83
33,137.96

APPLICATION OF FUNDS :

Fixed Assets
a) Gross Block
b) Less: Depreciation
c) Net Block
d) Capital Works-in-progress
e) Capital expenditure not represented by assets
owned by the Company (to the extent not w/off)
f) Assets Pending Disposal

2.

Investments

3.

Deferred Tax Assets (Net)

4.

Current Assets, Loans and Advances

Current Assets
a) Inventories
b) Sundry Debtors
c) Cash and Bank Balances
d) Other Current Assets
e) Loans and Advances

Less: Current liabilities and provisions :

a) Current Liabilities
b) Provisions

Net Current Assets

5.

As at
31st March,2010

SOURCES OF FUNDS :
Shareholders' Funds

1.42

1.42

1,258.51

545.32

1.42

2,094.03

1,603.98

523.34

4237.34

3487.39

6,571.89
785.76
26,829.57
1,171.05
7,662.61
43,020.88

6,020.81
833.48
27,281.30
1,485.22
7,577.76
43,198.57

5,500.08
2,641.61
23,381.71
600.66
7,103.19
39,227.25

4829.13
3169.17
20201.24

7614.77
2140.09
18645.01

6239.96
34439.50

6062.13
34462.00

6,429.86
9,307.95
15,737.81
27,283.07

5,631.43
8,908.35
14,539.78
28,658.79

6,134.58
7,893.95
14,028.53
25,198.72

4097.05
20258.23
24355.28
10084.22

3974.69
17232.67
21207.36
13254.64

170.83

152.38

116.79

116.79

116.79

49,772.59

50,586.15

48,046.35

36424.71

33137.96

Miscellaneous expenditure
(to the extent not written off or adjusted)
Pre-Project expenditure

Notes forming part of Accounts

17
TOTAL

INDIAN RARE EARTHS LIMITED

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2009
Rs in lakh
SCHEDULE
No.

I.

As at
31st March,2010

Year ended
31st March,2009

Year ended
31st March,2008

Year ended
31st March,2007

Year ended
31st March,2006

INCOME

Less : Excise duty

33,715.60
5.84

33,669.82
13.83

29,625.02
27.77

36053.22
41.22

30649.50
46.54

Net Sales

33,709.76

33,655.99

29,597.25

36012.00

30602.96
775.46

Gross Sales

Compensation for Processing Thorium

979.06

1,443.84

1,918.25

706.54

Increase/(Decrease) in Stock

10

1,135.38

50.46

778.74

-2682.11

799.43

Other Income

11

2,581.58

3,873.74

2,662.29

2305.48

1689.75

TOTAL
II.

38,405.78

39,024.03

34,956.53

36341.91

33867.60

EXPENDITURE

Materials Consumed

12

3,978.44

3,790.89

3,045.24

3433.31

2627.40

Employee's Remuneration and Benefits

13

16,432.21

14,864.69

11,449.21

10378.10

9996.49

Manufacturing and Other Expenses

14

11,213.01

9,850.06

10,009.49

11333.86

12031.56

40.95

233.36

219.29

17.77

20.22

2,003.07

1,973.30

2,164.10

1733.08

1475.29

12.40

12.40

12.40

33,667.68

30,712.30

26,899.73

26908.52

26163.36

4,738.10

8,311.73

8,056.80

9433.39

7704.24

14,818.98

571.84

-20.10

22,875.78

10005.23

7684.14

7,318.29

4241.85

3710.15

Interest
Depreciation
Capital expenditure not represented by assets
owned by the Company - written off

TOTAL

III.

PROFIT BEFORE EXTRA ORDINARY ITEMS, PRIOR PERIOD

ADJUSTMENTS AND TAXATION

Extraordinary Items and Prior Period Adjustments

15

4,781.54

Profit Before Tax

Provision for Tax

43.44

16

2,474.10

(23.68)
8,288.05
2,611.25

412.45

Income Tax
Deferred tax charge/(credit)
Fringe Benefit Tax
Profit after Tax

Balance brought forward

IV.

PROFIT AVAILABLE FOR APPROPRIATION

Appropriations :

Proposed Dividend
Tax on Dividend
Transfer to General Reserve

-749.95

-754.31

90.61

75.00

2,307.44

5,676.80

15,557.49

6422.72

4240.85

35,919.00

33,263.05

21,226.41

17324.55

14776.36

38,226.44

38,939.85

36,783.90

23747.27

19017.21

1,727.30

1,727.30

1,727.30

1727.30

1045.96

286.88
200.00

293.55
1,000.00

293.55
1,500.00

293.55
500.00

146.70
500.00

BALANCE CARRIED TO BALANCE SHEET

36,012.26

35,919.00

33,263.05

21226.42

17324.55

Earnings Per Share in Rs. - Basic ( including Extra ordinary items)

Earnings Per Share in Rs. - Basic ( excluding Extra ordinary items net of

38,226.44
267.17
267.17

38,939.85
657.30
657.30

36,783.90
1,801.37
671.98

23747.27
743.67

19017.21
491.04

267.17
267.17

657.30
657.30

1,801.37
671.98

743.67

491.04

Earnings Per Share in Rs. - Diluted ( including Extra ordinary items)

Earnings Per Share in Rs. - Diluted ( excluding Extra ordinary items net of
Notes forming part of Accounts

17